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cnbc.com
Trump says U.S. has 'not agreed to' grant Ukraine Patriot missile licenses
President Donald Trump said the U.S. hasn't agreed to grant Ukraine licenses to produce Patriot missile systems.
cnbc.com
How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days
Leopold Aschenbrenner, a former OpenAI researcher-turned-hedge fund manager, saw a dramatic decline this week in his AI-focused fund, Situational Awareness.
cnbc.com
Fintech broker Clear Street offers investors pre-IPO access to $188 billion AI giant Databricks
Fintech brokerage Clear Street is launching a private markets platform, beginning with Databricks stakes, to give investors more access to late-stage startups.
bbc.co.uk
AI firms must answer for rogue bots, says boss of hacked company
Clement Delangue said he didn't want cyber attacks on other companies to become "normalised".
cnbc.com
FIFA tests the limits of private equity in sports with World Cup subsidiary sale
UEFA and Concacaf's rejection of FIFA's plan to sell a 20% stake in the World Cup's commercial operations highlights uneasiness with private equity in sports.
cnbc.com
‘Spider-Man: Brand New Day’ sets domestic box office preview record with $72 million
Sony and Marvel's "Spider-Man: Brave New Day" is expected to haul in around $270 million domestically over its debut weekend.
theguardian.com
BP puts North Sea oil and gas business up for sale
Move will end six decades of production in area, as new CEO tries to simplify company and cut debtBusiness live – latest updatesBP has put its North Sea oil and gas business up for sale as it looks to end six decades of production from the basin.The firm announced on Friday morning it had launched a formal process to market its North Sea business for a potential sale. The move comes as BP’s new chief executive, Meg O’Neill, tries to simplify the company and cut its debt levels. Continue reading...
cnbc.com
U.S. lawmakers request information from DoorDash on use of Chinese AI models
The food delivery company is the latest to be asked to share details of AI use by two House committee conducting a joint investigation.
cnbc.com
Oil prices rise after Iran says it attacked two tankers transiting Strait of Hormuz
The Iran war is spreading across the Middle East and hitting energy infrastructure on multiple fronts.
bbc.co.uk
Budget to be held in October, Healey announces
The new chancellor pledged to move money and power out of Westminster, and into every postcode around Britain.
theguardian.com
Boss of £300m used-car firm was ousted after ‘orchestrated plan’ by investors, judge rules
Multimillionaire Peter Waddell is also found to have been properly dismissed from Big Motoring World for gross misconductA multimillionaire used-car salesman was ousted from his £300m company after “a pre-conceived and orchestrated plan” devised by private equity investors that had backed his business, a high court judge has ruled.Peter Waddell, 60, was forced out as the chief executive of the Kent-based dealership Big Motoring World in 2024 in a coup that resulted in “more-or-less open warfare” at the car seller and caused “unfair prejudice” to the investment company that held Waddell’s majority stake. Continue reading...
cnbc.com
Exxon and Chevron profits surge on rising oil prices due to Iran war
ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war.
theguardian.com
Hull funeral director who left bodies to rot in mortuary jailed for 20 years
More than 80 loved ones spoke of horrors of learning about Robert Bush’s crimes, including mother of a miscarried babyA funeral director has been jailed for 20 years for leaving dozens of bodies – including a miscarried baby – “rotting” in his mortuary and giving bereaved families the wrong ashes.Robert Bush, the owner of Legacy Independent Funeral Services in Hull, pleaded guilty to 67 offences spanning 12 years and affecting hundreds of families, including 30 counts of preventing a lawful and decent burial. Continue reading...
theguardian.com
Healey sets budget for late October, promising to ‘spread money and power’ around UK
Chancellor will have to find money for Burnham’s policies while sticking to fiscal rules as borrowing costs riseAndy Burnham’s government has set a date for a late October budget to “spread money and power” out of Westminster as the new prime minister pushes forward his tax and spending plans.Announcing an autumn budget for 28 October, the chancellor, John Healey, said Labour would stick to its fiscal rules with its agenda to give businesses and households stability for the future. Continue reading...
cnbc.com
Democrats demand information on Trump and Lutnick families' ties to critical mineral deals
The senators asked the Departments of Commerce, Defense, Energy, Interior and the Export-Import Bank to preserve all records related to those deals.
bbc.co.uk
BP puts North Sea business up for sale
The decision follows a review of BP's operations and is set to end 60 years of production in the region by the oil giant.
cnbc.com
Amazon says it got $600 million in Trump tariff refunds and will pass return along to some customers
The company previously hadn't disclosed whether it would recoup tariff costs after the Supreme Court ruled many of President Donald Trump's levies were illegal.
theguardian.com
‘It ain’t the same’: inside the bitter battle to free Ben & Jerry’s
Ben Cohen says his ice-cream company has been silenced by corporate ownership – and a boycott of Magnum brands could force a saleBen & Jerry’s ice-cream in the tub is still great, but the brand’s newest chocolate-covered ice-cream bar on a stick?“It ain’t the same,” Ben Cohen, the company co-founder, told the Guardian. Sure, the chocolate coating is still thick enough, but the ice cream itself is “kinda fluffy”, Cohen said – an insult in the ice-cream world that suggests extra air was added to cut costs. Continue reading...
cnbc.com
Fed officials who voted to hike rates say action is needed now against inflation
Kashkari and Hammack joined Dallas Fed President Lorie Logan in dissenting against holding the Fed's key overnight borrowing rate steady.
theguardian.com
New York sues Kalshi prediction market alleging ‘illegal gambling operation’
Calling it an ‘illegal, unlicensed gambling operation’, state seeks to halt Kalshi’s operations and force it to forfeit profitsThe state of New York has filed a lawsuit against Kalshi, accusing the prediction market operator of “running an illegal gambling operation”.The lawsuit, filed on Friday, was announced by Kathy Hochul, the New York governor, and Letitia James, the state attorney general. It seeks to force the New York-based company to forfeit its profits, provide restitution to harmed consumers and pay fines equal to three times its profits. Continue reading...
theguardian.com
UK petrol price hits Iran war high, adding to pressure on households
Average pump price reaches 160p a litre, while diesel is up 14.5p to 179p and forecast to increase to 185p soonBusiness live – latest updatesThe price of petrol has hit a new Iran war high at UK forecourts, adding to the financial pressure on millions of households about to embark on their annual holiday.The RAC said that in “very unwelcome news for drivers” the average pump price had reached 160p a litre, reversing the fall to 151p in early July that followed the announcement of a Middle East ceasefire. Continue reading...
cnbc.com
Leonardo expects more deals as Europe ramps up defense spending
Leonardo is eyeing further M&A as it races to expand capabilities and meet surging defense demand after raising its 2026 outlook.
cnbc.com
Novo Nordisk shares dive after heart medicine fails trial, dealing another blow to its pipeline
The experimental medicine ziltivekimab didn't translate into a statistically meaningful reduction in major cardiovascular adverse events, Novo said Friday.
theguardian.com
Andy Burnham calls on Infantino to resign over ‘outrageous’ World Cup plans
UK prime minister is the first head of a major nation to call on the under-pressure Fifa president to step downUK politics live – latest updatesAndy Burnham has called on the Fifa president, Gianni Infantino, to resign over his “outrageous” plans to sell a stake in the World Cup.Infantino faces growing pressure over his proposals, which triggered a backlash among football bodies and prompted the resignation on Friday of a key adviser. Continue reading...
cnbc.com
Dwindling cash and soaring memory costs: Tech's AI buildout has ballooning price tag
Amazon, Alphabet and Tesla all reported negative cash flow in the latest quarter, while Meta's cash generation plummeted by 91%.
bbc.co.uk
Andy Burnham to give regional mayors share of income tax
The prime minister says the move will give power to "every postcode" but critics say the plans lack detail.
theguardian.com
A World Cup with no participants – it could be Gianni Infantino’s boldest move yet | Marina Hyde
You’ve got to admire the Fifa president’s chutzpah in trying to flog off football’s greatest prize. If only Uefa wasn’t being so pesky about it allImagine a plan so distasteful that even the Americans and a Middle Eastern nepo-royal football boss can’t be doing with it. Such is the status of Fifa president Gianni Infantino’s scheme to sell off stakes in the World Cup to private investors. More historically, perhaps, the 55 nations that make up Uefa have reacted to this horror show by voting unanimously to boycott Fifa tournaments, including World Cups, if Infantino presses ahead. That would mean Spain and Portugal boycotting their own men’s World Cup next time around, which you’d think – not to call it too soon – would come off as slightly bad vibes.A testing moment, then, for the haunted cue-ball. Again. Can it really already be time to turn to Infantino once more, even after he appeared in this spot only on Tuesday, after his 15-page Instagram crash-out about his haters? Yes. Yes, I’m afraid it can. Demanding the federations of the world sell off the World Cup to some fund led by Donald Trump’s son-in-law’s brother will regrettably draw attention to you in ways that will prove difficult to control. As indicated, the Fifa president’s plan has contrived to appear vulgar to the North American confederation, Concacaf, as well as the Asian Football Confederation (AFC).Marina Hyde is a Guardian columnist Continue reading...
bbc.co.uk
Sainsbury's agrees to sell Argos for £120m
Under the terms of the deal, Argos will still operate in Sainsbury's shops, sell Habitat products, and offer Nectar points.
bbc.co.uk
Passenger on British Airways mayday flight describes fear and shout of 'I don't want to die'
Edward Killiwick was on the flight that issued a distress call, before it landed safely at Heathrow earlier this month.
theguardian.com
BTS are back: return of K-pop superstars sparks US economic boom
Cities in North America hosting 14 concerts in August and September – and economic impact is set to be significantBTS’s “Army” fanbase is descending on New York this weekend as the K-pop supergroup continues their first world tour after a four-year hiatus, sparking an economic boom wherever they land.After shows in South Korea and Europe, the group are back in North America, with 14 shows in six US cities in August and September. Continue reading...
bbc.co.uk
UK petrol prices hit highest level since Iran war began
The price of unleaded hits 160p a litre, according to motoring group the RAC, as oil prices remain elevated.
cnbc.com
The Tech Download: Anduril CEO Brian Schimpf talks AI in warfare and manufacturing push
CNBC's Arjun Kharpal sits down on The Tech Download podcast with the defense company chief.
theguardian.com
‘It’s too fast, too big’: speed of climate crisis is devastating crops, say farmers
Drought and extreme heat are killing plants, driving up prices while also making some farms economically unviable“It’s a constant battle,” says Tim Young. He and his family have been tracking the rainfall on their Norfolk farm since 1976, and the data shows the last six years have seen two-thirds the amount of rain compared with previous years. The lack of water has become the number one risk to Young’s business.This summer has seen record-breaking climate induced heatwaves scorch much of Europe, which combined with droughts and “apocalyptic” wildfires has made farming virtually impossible. France has faced down fires that its president, Emmanuel Macron, called the worst since the second world war and on Wednesday half of England was declared officially in drought, with July expected to be the driest on record after winter floods, according to the Environment Agency. So how are farmers bearing up under the pressure? Continue reading...
theguardian.com
Uefa has formed a rare but fragile united front against Fifa in battle for football’s future | Nick Ames and Matt Hughes
Emerging from this week with unity over Fifa’s World Cup sell off was quite an acheivement but Europe cannot rest on its laurelsIt was a phrase not always heard when Europe’s football associations discuss a pressing issue. “Touchingly unanimous,” was the assessment of a senior Uefa executive within moments of Thursday afternoon’s seismic decision to boycott Fifa tournaments unless Gianni Infantino scraps his private investment plan. United fronts on this scale are vanishingly rare and there is now a narrow window in which to make it count.Fifa doubled down on its proposal overnight with “clarifications”, which blamed the media for disrupting the “consultation process” of a scheme that had been constructed under cloak and dagger. There was no suggestion that it would shift from its 19 September deadline to in effect ram the Fifa Forward Enterprise (FFE) proposal through. Anyone would be forgiven for asking what the rush was but Uefa and its allies must not allow the next seven weeks to drag. Continue reading...
cnbc.com
Hamas says Trump's Gaza 'disarmament' claim depends on Israel honoring commitments
Hamas says it will only disarm after Israel meets previous ceasefire commitments, despite President Donald Trump's announcement of a breakthrough U.S.-brokered agreement.
cnbc.com
Iran targets strategic U.S. assets in Kuwait, Bahrain after Egypt drone attack
Iran's army said it launched attacks on strategic U.S. assets and military bases in Kuwait and Bahrain.
bbc.co.uk
Anthropic's Claude AI escapes to hack into three organisations
It comes just days after rival OpenAI said rogue AI agents had breached other firms' networks.
bbc.co.uk
'I will miss my shop tremendously after six decades'
Meredith's DIY Hardware and Ironmongery has been at Yate Shopping Centre, near Bristol, since 1965.
theguardian.com
Sainsbury’s to sell Argos to three retail veterans in £120m deal
Trio set up Swift Partners for the acquisition, allowing supermarket to focus on core food businessSainsbury’s has agreed to sell the Argos retail chain for £120m to allow it to concentrate on its core food business.The supermarket announced on Friday it was selling the catalogue shopping business to a trio of retail veterans, a decade after buying the company for more than £1bn. Continue reading...
cnbc.com
A portfolio manager says investors are looking overseas as Magnificent Seven worries grow. Here are the stocks and sectors he favors
Janus Henderson’s Julian McManus says investors are looking overseas as Magnificent Seven concentration worries revive diversification.
theguardian.com
New solar panels in Great Britain at 15-year high as fossil fuel costs soar
Boom in solar farms and home installations in first half of 2026 began shortly after start of US-Israel war against IranGreat Britain has recorded more new solar power installations in the first half of this year than in any six-month period since 2011, as households turn to rooftop panels to help cut their energy bills.An analysis of the government’s official figures shows that Great Britain added 142,536 solar installations in the first six months of the year, putting it on track to top last year’s record solar additions. Continue reading...
theguardian.com
UK house prices up just 0.1% in July as buyers remain cautious on interest rates
Price of average home now £277,542, up from £277,484 the previous month but lower than in May, says NationwideBusiness live – latest updatesEconomic uncertainty dampened UK house price growth in July as prospective buyers remained cautious about interest rates during the Iran war in what should be the peak housebuying season.House prices rose by only 0.1% in July from a month earlier, according to the lender Nationwide, while annual price growth slowed to 1.8% this month, down from 2.2% in June. Continue reading...
cnbc.com
SK Hynix, Samsung shares skyrocket to clock best days as AI rally roars back
South Korea's chip heavyweights SK Hynix and Samsung Electronics soared more than 20% on Friday, tracking a sharp rally in U.S. technology stocks.
cnbc.com
Deadly storms and a global supply squeeze are sending copper prices soaring
Deadly storms in Chile have disrupted mining operations, further straining supply and potentially driving prices higher, strategists say.
cnbc.com
CNBC Daily Open: Iran-U.S. tensions, China's factory data and a steady Bank of Japan
U.S. President Donald Trump called on Congress to add tariffs on Iran to a sanctions bill against Russia and Tehran that has bipartisan support. However duties would have little effect, as the U.S. imports nearly nothing from Iran.
bbc.co.uk
South Korean shares soar after chip stock rout
It comes after a three-day rout that wiped hundreds of billions of dollars off the value of the country's stock market.
cnbc.com
Fast-fashion retailer Shein’s 3-year IPO odyssey may have cost it the ‘golden time’ to go public
Investors are questioning whether Beijing's blessing can carry a $40-billion-plus valuation for a clothing retailer whose growth engine is stalling.
cnbc.com
CXMT's blockbuster debut in Shanghai sets stage for next test against global memory giants
The company faces a challenge as it does not have access to the latest extreme ultraviolet, or EUV, lithography machines, essential for manufacturing advanced chips.
cnbc.com
BOJ holds rates at 1%, warns of core inflation exceeding 2% target
The decision comes as speculation continues to swirl around whether the Bank of Japan will hike rates at a faster pace.
theguardian.com
Charming homes for sale with family gardens in England – in pictures
From the heart of the Peak District to the Kent Downs, houses with outside space to suit all ages Continue reading...
bbc.co.uk
Hospital parking hike adds stress, patients say
From 31 July hourly parking charges will increase by about 50% at several hospitals in the county.
bbc.co.uk
Group's mission to appreciate every piece of food
Food in Community takes unwanted and surplus produce from growers and farmers.
theguardian.com
HSBC to close all branches and pull out of Australian retail banking market
London-based company to sell local loan portfolio to Blackstone but will continue private and institutional banking servicesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe London-headquartered HSBC is closing all Australian branches over the next 18 months after selling its local mortgage and personal loan portfolio to the global asset giant Blackstone.The transaction will end HSBC’s decades-long retail presence in Australia, although it will continue to operate private and institutional banking services, the company announced on Friday. Continue reading...
theguardian.com
Think our basic rights are safe? In the age of oligarchs and corporate lobbying, think again | George Monbiot
The global assault on our freedoms is coming ever closer to home. Just look at the sinister prosecution of UK lawyer Rajiv MenonNo more resistance in the US. The era of human rights is over, and dissent is once more forbidden. This is what certain billionaires and their concierges want, and this is the model they’re also seeking to project across the world. If we fail to resist, if our new prime minister is as weak and suggestible as the last one, this is what we will get. In fact, we are halfway there already.Why? Because successive governments in the UK have succumbed to a global campaign to cancel our fundamental freedoms, a campaign led by oligarchs and corporations, the media they own and the junktanks they fund. A campaign that has become definitional for the second Trump presidency. Continue reading...
theguardian.com
Experience: I drive a bus for dogs
I worked with children for years, so the noise doesn’t bother me. You know you’ve done a good job if they’re quiet on the way homeI’ve been a bus driver for 25 years. Before that, I worked in engineering sales and was on the road a lot, but it became impractical once I had young children. I took my kids to soft play centres and I thought: “I could run a place like this.” I opened my own centre in a Victorian shopping arcade in Otley, West Yorkshire, in 1995. It was great as my daughters could come with me. Then, a customer told me about play buses – vehicles converted into soft play centres with slides, ball pits and climbing frames. I liked the idea.I went to an exhibition to look at some and bought a doubledecker that had already been converted. My uncle drove it home, because I couldn’t. I had to learn quickly as it was parked outside my house. It had no power steering and a ratchet handbrake. I threw up during my first lesson because I was so scared, but driving it soon became second nature. I passed my test within six months. Continue reading...
theguardian.com
Soy sauce refills and reused jars: can Philippines’ tingi culture hold back deluge of plastic waste?
A zero-waste shop set up by a district council provides plastic-free products at affordable prices in a country that gets through 164m sachets a dayJust after classes finish for the day in Malabon City, in the Philippines, a corner shop begins to fill. Mothers arrive with their children, handing over empty bottles to be refilled with soy sauce and cooking oil. Plastic tubs that previously held ice-cream or biscuits are weighed and filled with flour or sugar. The kids get some sweets and banana chips bagged in brown kraft paper.This store, Tingi Tindahan, offers a different experience from other small independent shops in the country. It retains the accessibility of micro-retail, colloquially known as tingi, while reintroducing reuse and refill methods instead of selling products in sachets and plastic packaging that too quickly becomes discarded waste. Continue reading...
theguardian.com
‘It makes your heart sing’: can a pioneering project show that rewilding really works? – podcast
Intensive farming has all but destroyed England’s ancient woodlands and freshwater wetlands. On a farm in Lincolnshire a radical aristocrat hopes to show there’s money in protecting natureBy Patrick Barkham. Read by Dermot DalyRead the text version hereSupport the Guardian today: theguardian.com/longreadpodThe summer issue of the Long Read magazine is out now. Click here to order Continue reading...
cnbc.com
China's factory activity unexpectedly contracts in July on demand slump, typhoons
China's factory activity unexpectedly contracted in July, as the export rush that powered a second-quarter rebound began to unwind.
cnbc.com
South Korea's 'bipolar' stock market: meltdowns, a record rally and what's to come
South Korea's stock market staged its sharpest reversal on record on Friday, capping a month of wild swings.
theguardian.com
Could AI take your job? Some workers in China already know the answer
Across the country, workers are fearful about the impact of AI on their livelihoods in an increasingly fragile labour market On the tree-lined streets of Wuhan, where cars jostle for space with mopeds and cargo trucks, the malfunctioning of a new type of vehicle has recently been causing chaos on the city’s roads.In March, several cars from a fleet of driverless taxis stopped abruptly in the streets. The “system malfunction” left distressed riders stranded for hours. The robotaxis, known as Apollo Go and powered by artificial intelligence (AI), were taken off Wuhan’s streets for months for investigations. Continue reading...
bbc.co.uk
Amazon and Apple just told us more about their AI plans - here are three things we learned
Billions of dollars are being poured into a new wave of AI technology. But will it pay off?
cnbc.com
Anthropic says its Claude models 'gained unauthorized access' to other organizations' systems
Anthropic said it discovered three instances where its Claude AI models accessed the internet during an evaluation and accessed outside systems.
theguardian.com
Anthropic’s AI Claude hacked into three organizations during cybersecurity test
Company says it discovered unauthorized access during ‘proactive review’ after rival OpenAI revealed rogue agentAnthropic said on Thursday its AI Claude model hacked systems of three organizations during testing, days after rival OpenAI revealed a rogue agent had gone on a days-long hacking spree at the AI firm Hugging Face.Claude gained unauthorized access to the systems during cybersecurity evaluations after a misconfiguration allowed the models to reach the internet from testing environments that were supposed to be isolated, Anthropic said. Continue reading...
bbc.co.uk
Apple warns of future 'supply constraints' for Mac, iPhone, iPad
Shares of Apple plunged on a warning of slower sales in the coming months.
bbc.co.uk
Thames Water boss says leakage targets 'not realistic'
Chris Weston said Thames wanted "to do better" but some of its targets were not achievable.
bbc.co.uk
'I pay £580 a month to live in a disused care home': Property guardians show us around
Could you live communally in a disused building in exchange for a heavily discounted rent? Property guardians show us around.
theguardian.com
Record low water levels across Europe reveal mammoth skeletons and forgotten shipwrecks – video
Water levels across several of Europe’s major waterways have dropped to exceptionally low levels, setting new records in some areas.Extreme heat exacerbated by the climate crisis is intensifying the drought hitting the continent as record-breaking heatwaves means the hot atmosphere is evaporating water from rivers, lakes, soils and plants quickly.The Danube has hit the lowest level of water in 30 years in several countries including Hungary, Serbia and Romania, and the Rhine has dropped to its lowest recorded level in some sections and is expected to drop further due to droughtClimate crisis-driven heat ‘sucking soils dry’ as extreme drought hits Europe Continue reading...
bbc.co.uk
India wants to join the strawberry superpowers
Indian strawberry farmers rely on varieties imported from the US and Europe, but that could change.
cnbc.com
China’s U.S.-bound shipments fall in July after brief recovery, survey shows
The latest China Beige Book study found factory activity decelerated in July.
theguardian.com
Apple and Amazon report rising revenues as investors turn on some tech stocks
Both tech companies beat Wall Street predictions on revenue in their second quartersApple and Amazon both released their second quarter earnings on Thursday, a test of investor confidence in major tech companies amid growing concerns over exorbitant AI spending.Apple revealed quarterly revenue of $109.4bn, beating Wall Street expectations of $108.65bn in revenue. It also reported $2.02 earnings per share, driven by sales of its marquee products such as iPhones and laptops. Continue reading...
theguardian.com
Burnham to free mayors from ‘Treasury death grip’ with new devolved powers
Local leaders say plan will transform funding so English regions no longer rely on Whitehall handouts for projectsEngland’s regional mayors will be able to break out of the “death grip of the Treasury” by borrowing to invest in big projects under “transformational” plans to shift power out of Whitehall.For the first time, mayors will keep a share of income tax generated in their area from 2028, as well as business rates totalling tens of millions of pounds by April 2027. Continue reading...
cnbc.com
UEFA threatens World Cup boycott over FIFA private equity investment plan
FIFA has faced backlash from global soccer governing bodies over the proposal to allow private investment.
bbc.co.uk
Virtual interviews don't show bosses your personality, says Burnham
Interviews online may not allow young people to "shine" and communicate their "passion", the prime minister says.
theguardian.com
The outlook gets better and better at Rolls-Royce
With fingers in various highly lucrative pies, maybe the firm becoming LSE’s most valuable isn’t as fanciful as it seems Tufan Erginbilgiç, the chief executive of Rolls-Royce, seemed to be getting ahead himself when he said a year ago that the engine-maker had the potential to become the most valuable company on the London Stock Exchange.Yes, everyone knows about the remarkable turnaround. Rolls was a corporate calamity during the Covid shutdown of global aviation, then a tenfold increase in the share price followed under Erginbilgiç. But it still required a leap of imagination to think the firm could challenge the very top of the capitalisation charts one day. Continue reading...
bbc.co.uk
British Airways flight called mayday on approach to Heathrow
The call was made on an Airbus o20 flying from Dusseldorf airport in Germany on 6 July following two stall warnings.
theguardian.com
The Guardian view on prolonging kidulthood: Britain prices young adults out of independent life | Editorial
More young people live with parents as low wages, insecure work and unaffordable housing turn family support into another source of inequalityIn Britain, young people are expected to become independent in their 20s. Yet the UK’s economic model increasingly denies them the means to do so. Analysis by the Institute for Fiscal Studies (IFS), commissioned partly for the BBC, finds that the proportion of 25-year-olds living with their parents has risen from 25% in the 1990s to 42% today. The research says “co-residence” among those in their 20s and 30s has increased by more than a third over two decades. The rate in Britain remains well below Italy and Spain, where leaving home is frequently more about finding a partner than turning 18, going to university or starting work. But that is scant comfort: Britain appears to be slowly drifting towards a southern European experience without the family culture that makes this feel normal.Young Britons struggle to move out of “the hotel of mum and dad” for obvious reasons. Employment for those aged 25 has fallen for both women and men. Real earnings have barely progressed beyond the level reached around two decades ago. Hardly a surprise, then, that home ownership at 25 has dropped from 43% in the mid-1980s to 15% today. As the IFS notes, the changing age, educational, ethnic or migrant composition of the population might have been expected to reduce rates of co-residence. Instead, the “declining affordability of housing” has driven them up. In short, young adults are not just opting for a cheaper domestic arrangement to save money. They are submitting to it because they have less control over their lives as the options narrow for housing and work.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
bbc.co.uk
Hundreds of jobs to go at Jaguar Land Rover
The car giant says it expects fewer than 300 people will lose their jobs.
bbc.co.uk
Bank holds interest rates but says it is ready to raise them if Iran war escalates
The Bank also expects the economy to grow more than previously forecast this year, although uncertainties remain because of the Iran war.
bbc.co.uk
Burnham says he told Trump UK will be pragmatic about North Sea oil
Andy Burnham says he told the US president he couldn't ignore North Sea resources when people are struggling.
bbc.co.uk
US economic growth sees surprise slowdown in second quarter
The economy grew at an annual rate of 1.5% in the three months to June, down from 2.1% seen in the previous quarter.
theguardian.com
The future of AI hinges on openness and cooperation. China and Britain can gain much by working together | Zheng Zeguang
There is no point competing in isolation. There are so many benefits to be had, in manufacturing, healthcare, research and governanceZheng Zeguang is the Chinese ambassador to the UKArtificial intelligence is widely regarded as one of the defining technologies of our time. Like the steam engine, the harnessing of electricity and the internet before it, it has the potential to transform how we work, live and interact.But every technological revolution brings challenges as well as opportunities. As AI systems become more capable, people are asking legitimate questions. How can AI remain safe, accountable and under human control? How should its development be governed? How can its benefits be shared more widely? Continue reading...
theguardian.com
Will we pay more tax to fund social care? – podcast
Andy Burnham gave a major speech on Wednesday on his plans for a national care service. He sought cross-party consensus on the issue by speaking to the Tories and Lib Dems. But not Reform UK or the Greens. On Thursday, Reform’s Robert Jenrick claimed at a press conference that the prime minister wanted a ‘death tax’. But is that what Burnham set out? Plus, Zack Polanski is under fire for a social media post. Is the Green party leader too ‘online’? Pippa Crerar and Peter Walker discussRead Peter Walker’s article on Zack Polanski’s social media use here.Read John Crace’s article on social care here.Please keep sending your comments and questions to politicsweeklyuk@theguardian.com Continue reading...
theguardian.com
Are British graduates being conned? | Opinion
Thousands of students are graduating into an employment crisis, leaving them feeling hopeless and overqualified, as well as dealing with enormous debts from tuition fees. When higher education was transformed, teenagers were offered a deal - pay £9,000 a year and secure a ‘bright future’. But as the Guardian’s economics commentator Aditya Chakrabortty accurately predicted, for many the reality has been very different Continue reading...
theguardian.com
Fifa’s sale of the century: how Kushners and Trump are at centre of a tangled web
Joshua Kushner is now the kingpin in driving the sale of the World Cup to investors and family ties are tight around the projectIt isn’t just football fans and Uefa executives who want to give Gianni Infantino the red card for his plan to sell off 20% of the World Cup to a privately backed commercial enterprise. The Fifa president is also in the crosshairs of the House of Representatives Judiciary Committee in Washington and ranking Democrat member Jamie Raskin. The reason? Infantino’s plan, which is backed by Joshua Kushner’s investment fund, has, for some observers, president Trump’s sticky fingers all over it.Raskin told Politico that Fifa was “going directly into business with the Trump family”, before making reference to the peace prize Infantino awarded the president in December and Fifa’s use of office space in Trump Tower, New York. “Apparently the fake Peace Prize and giant lease with Trump Tower weren’t enough – now Infantino performs a kickback hat-trick by pursuing a multibillion-dollar deal with Jared Kushner’s brother to sell ownership stakes in the World Cup to private investors.” Continue reading...
theguardian.com
The profit motive has strangled sports. Now Fifa is putting soccer up for sale | Dave Schilling
Gianni Infantino’s plan for a Fifa subsidiary is odious – but it’s hard to feel surprisedJust when you thought global soccer couldn’t get more odiously capitalistic, Gianni Infantino said: “Hold my beer” (as long as that beer you’re holding is a Michelob Ultra, one of the official sponsors of the 2026 World Cup).The World Cup, one of the largest and most prestigious sporting competitions on the planet, is for sale. Infantino, the president of the soccer governing body Fifa, is the architect of a plan to sell up to 20% of a new subsidiary that would administer tournaments such as the World Cup and Club World Cup. The subsidiary, which would oversee Fifa’s commercial activities, would be called “Fifa Forward Enterprises”. If I see the word “forward” in a corporate initiative, I assume it’s either a diversity program that’ll get dropped after a couple years, a training video on how to exit a building during an emergency evacuation, or a blatant cash grab. Take a guess which one I think this is. Continue reading...
theguardian.com
Only the Middle East crisis is preventing a drop in UK interest rates
Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%Business live – latest updatesThere is a threat of high inflation coming to the UK but only from the conflict in the Middle East, which could keep oil prices high for much longer than was expected when Donald Trump first began attacking Iran.It is the war that makes the difference between a benign outlook for inflation and one that puts it back on a rising trajectory, senior UK central bankers believe. Continue reading...
theguardian.com
Families to be moved out of billionaire-owned tower after suffering without air con
Several councils to stop housing tenants in glass-fronted Britannia Point in London, where tenants were earlier told they could not use air conAs the fourth heatwave of the year hit the UK on Wednesday, Benice Bodah and her three teenage sons braced for more scorching temperatures inside their south-west London home. The two-bedroom flat has a built-in air-conditioning unit, but it has worked only intermittently in the almost three years since the family were placed in temporary accommodation at Britannia Point in Colliers Wood. “It has not been easy, but what can we do?” said Bodah, 48.Several councils have now agreed to stop housing families in emergency accommodation in the glass-fronted block after the Guardian revealed they had been told they couldn’t use the air-conditioning during heatwaves as it had “not been offered as an amenity” for them. The 19-storey building is owned by Criterion Capital, set up by the billionaire property magnate Asif Aziz. The temporary tenancies can last from weeks to years and are managed separately by letting agencies, including the London-based Aura Assets Management. Continue reading...
bbc.co.uk
What's happening to UK interest rates and what does it mean for mortgages?
The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.
bbc.co.uk
Shell profits double as oil prices rise due to Iran war
Disruption to global supplies of oil and liquid natural gas through the Strait of Hormuz has pushed up prices.
cnbc.com
From Hormuz to the Black Sea: Maritime battlefields are shaping ‘a new world order’
Attacks near the Strait of Hormuz, Red Sea and Black Sea are pushing shipowners to reroute cargo and rethink global trade risks.
bbc.co.uk
Burnham says nuclear sub investment will protect UK and boost jobs
Speaking ahead of a visit to Barrow-in-Furness, the PM seeks to stress the economic benefits of defence spending.
bbc.co.uk
Beauty Pie founder on how she dropped out of university and built five beauty businesses
Marcia Kilgore, founder of Beauty Pie, shares her top tips on how to create a successful business.
bbc.co.uk
Meta shares fall as frustration grows over AI spending plans
CEO Mark Zuckerberg said the firm intends to sell its AI tools to other companies for the first time.
bbc.co.uk
The Chinese robot army transforming the UK's retail industry
Britain's weak productivity growth and labour shortages are creating an opportunity for China's robotics firms.
bbc.co.uk
'No magic wand' to tackle high prices, Fed boss says as US interest rates held
The Federal Reserve's decision, which was broadly expected, means rates remain between the 3.5% and 3.75%.
bbc.co.uk
What happens here has a big impact on your money
BBC business reporter Dearbail Jordan explains how it works from inside the Bank of England.
theguardian.com
Drinkflation: why British booze is getting weaker
While the sizes and prices are staying the same, brands are reducing the alcohol content in their beerName: Drinkflation.Age: The current round started in 2023. Continue reading...
bbc.co.uk
How cow showers and fans help farmers keep cattle cool
Dairy farmers are using cow showers and fans to protect cattle as hotter summers hit milk production.
bbc.co.uk
1975: The world's first shop for left-handers
A London shop selling goods designed for left-handed people was doing a brisk trade.
theguardian.com
‘Ask the right questions’: what you need to know before buying shares
Whether it is SpaceX or a bank, getting the right facts about a firm can offer vital insights before you invest in itWhen Elon Musk’s SpaceX launched on to the stock market, tens of thousands of Britons clamoured to buy a stake, putting the spotlight on DIY investing.Going it alone and buying shares in individual companies can be rewarding, but also risky. Unless you have a huge amount of cash, you are likely to end up investing in far fewer companies than if you invested in a fund. This means you are more exposed to the ups and downs of those companies’ fortunes. Continue reading...
theguardian.com
We booked a Travelodge but were forced to move hotel after 1am
We told it of our 11pm arrival time but when we got there our room was no longer available as it had ‘overbooked’I booked and paid for a room in the Travelodge London King’s Cross Royal Scot hotel six weeks in advance. It was for myself and my husband, who has heart disease and dementia.I had called the hotel on the day of arrival to advise that we would be checking in at 11pm and was told that was fine. Continue reading...
theguardian.com
Cottage pie and glass of red, anyone? Britons shun salad despite heat in ‘reverse comfort eating’
Nostalgic foods like toad-in-the-hole also in demand at Waitrose as people pivot towards familiarity amid climatic and political upheavalForget a crisp salad and glass of chilled rosé. Enervated Britons are seemingly more likely to crave a rich cottage pie and a robust red in heatwaves.In a trend termed “reverse comfort eating”, Waitrose’s cottage pie sales have soared 110% in the last month and South African red wine is up 68% compared with the same period last year. The surprise spike in demand for winter comfort foods also includes retro chicken, bacon and leek pie (up 41%), chicken korma (up 67%) and chicken and ham gratin (68%). Continue reading...
bbc.co.uk
Shabaz Asks: Are Billionaires Bad?
Shabaz Ali turns author to see if the internet's favourite villains deserve the hate.
bbc.co.uk
Is it time to stop using glue and labels on paper?
Labels and adhesives can prevent paper from being recycled but there's new tech aimed at changing that.
theguardian.com
I risk losing my livelihood because Nissan failed to repair my car
I’m a self-employed driving instructor and I’m running out of cash to hire a replacement dual-control vehicleMy livelihood as a self-employed driving instructor is under threat owing to Nissan’s failure to repair my leased dual-control car.It has been off the road awaiting a spare part for three months, and I’ve now been told it will take at least a further month to arrive. Continue reading...
bbc.co.uk
Money Box
What might the new team at the top of government mean for your money?
bbc.co.uk
The 20-somethings betting big on tech stocks
The BBC hears from people about the risks and rewards of investing in technology shares.
bbc.co.uk
This farmer wanted to quit the cocaine industry - he couldn't
Colombians who grow cocaine's raw material bemoan a lack of support to help them switch crops.
bbc.co.uk
Is tracking your food purchases good for your health?
Food tracking apps are popular, but are they a good way to make us eat a healthier diet?
theguardian.com
AI and artists can click – a new manifesto for modern creativity
The UK is both an epicentre of global creative industries and a budding AI powerhouse. Here’s how it can balance support for creatives while also embracing technological changesWhat does it mean to be a creator in today’s modern world when artificial intelligence is reshaping relationships between humans and technology?That’s one critical question the UK creative industry has been asking itself as AI rips up traditional conventions on copyright, ownership, effort, and originality. Continue reading...
bbc.co.uk
New era for Gibraltar with removal of 118-year-old border controls with Spain
It is hoped that free movement between the UK territory and Spain will provide an economic boost.
bbc.co.uk
Wealthy AI workers send San Francisco house prices soaring
The median cost of a home in the city is now $1.7m, a record high, according to the latest figures.
bbc.co.uk
Robots available for rent: But what can they do?
Robotics tech is changing fast, so for many it makes sense to rent a robot.
bbc.co.uk
AI is 'not smart' so what's next in artificial intelligence?
Leading AI researcher Yan LeCun has a start-up which is developing a more flexible AI system.
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.co.uk
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
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